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Latvia Factory Output Rises

Latvia Factory Output RisesLatvia Factory Output Rises

Last year has been fairly successful for Latvian producers as the Baltic country’s industrial output increased by 4.9% against 2015, according to data released by the national statistics office on Friday, Xinhua reported. Manufacturing picked up 5% and electric power and gas supply accelerated by 6.4% in 2016, while mining and quarrying slowed by 0.3%, the statistics showed. Achieving its fastest growth since 2012, the Latvian manufacturing industry provided the most significant contribution to economic growth last year, compensating a slump in construction, representatives of the Latvian Finance Ministry said, quoting the latest industrial output data.

 

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